Mahoney, 56, will replace Peter Enns, who’s becoming chief executive officer of Goldman Sachs’s business in Canada, according to an April memo to employees obtained yesterday by Bloomberg News. Kenneth Coquillette and Scott Romanoff will replace Mahoney as co-heads of the banking industry for FIG in the Americas, according to a separate memo last month.
Global mergers and acquisitions involving financial companies totaled less than $1.2 trillion each of the past five years, after surpassing $2 trillion in 2007, according to data compiled by Bloomberg. Goldman Sachs is the top-ranked adviser on financial company deals so far this year.
Mahoney will be head of FIG for Asia ex-Japan, based in Hong Kong, according to the April 11 memo from executives including FIG global co-heads Mike Esposito and Todd Leland. Michael DuVally, a spokesman for the New York-based bank, confirmed the contents of the memos.
Mahoney joined Goldman Sachs in 1987 and became a partner in 2000. He advised Toronto-Dominion Bank on its 2006 sale of TD Waterhouse USA to Ameritrade Holding Corp. and Countrywide Financial Corp. on its 2008 sale to Bank of America Corp.
Craig Murray and Bernard Teo were named co-chief operating officers of FIG for Asia ex-Japan under Mahoney. Goldman Sachs said last month that Enns, a Canadian, would move from Hong Kong to Toronto to replace Jack Curtin, 63, who’s retiring at year-end.
Romanoff, who joined in 1992 and was named a partner in 2008, will continue to serve as co-head of the FIG financing group for the Americas, according to the memo.